Ticker
CSG.AS
Czechoslovak Group a.s.Defense
Hunterbrook: CSG Paid ~€18M to Unwind a Stake Sale That Generated €410K, With the Counterparty Linked to the Intermediary Behind Nearly a Fifth of Its Entire Backlog
The Singapore shell at the center of the €18M buyback anomaly shares a name with Republikorp — the intermediary Hunterbrook identifies as the conduit for CSG's $2.8B in "Southeast Asia" deals, which appear to point to...
Czechoslovak Group a.s.Short Report
Hunterbrook: Europe's Biggest Defense IPO Omitted a NATO Factory Suspension, a €1.4B Minority Buyout Demand, and Evidence That 80% of Ammunition Revenue Comes From Sourcing, Not Manufacturing
CSG raised €3.8B at a €25B valuation selling a modern ammunition manufacturer story — but subsidiary filings suggest only ~€524M of its €2.5B in 2024 ammo revenue can be explained by its own factories, with the rest s...